Latest Business News
Government to discuss raising tariff on biofuel next week
Committee suggests price ranging between EGP 1.02-1.08 per KW/h
EGX faces 2 different scenarios following record increase
The Egyptian Exchange (EGX) will have to counter with a different set…
Banks begin providing hard cash to import non-essential goods on Sunday
Banking sector financed import of food commodities, medicines, and production inputs worth…
263 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Suez Canal traffic data showed that 263 ships transited the canal, with…
Arabian Cement invests EGP 100m to install new coal mill
The company seeks to exploit its full production capacity, which is currently…
Interest rates remain unchanged by the CBE
Analysts expect these rates to remain unchanged for three to six months
Banking sector secures financing to import $2.5bn worth of food commodities, medicine: CBE
$1.5bn allocated to import intermediate goods and raw materials for production; $414.6m…
Dollar records its highest level against Egyptian pound this week
The official rate for the dollar at the CBE on Thursday registered…